If money is deposited steadily in a savings account at the rate of $4500 per year, determine
Question:
If money is deposited steadily in a savings account at the rate of $4500 per year, determine the balance at the end of 1 year if the account pays 9% interest compounded continuously.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
So 4500c 4...View the full answer
Answered By
Omar ELmoursi
I'm Omar, I have Bachelor degree in Business and Finance, My unique approach is to help students with questions and assignments, I can teach Business, Math, Accounting, Managerial Accounting, Economy, Human resources management, organizational behavior, project management, I have experience dealing with different types of students and teach them how to deal with different types of exercises.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
Question Posted:
Students also viewed these Mathematics questions
-
Suppose that money is deposited steadily in a savings account so that $16,000 is deposited each year. Determine the balance at the end of 4 years if the account pays 8% interest compounded...
-
Suppose that money is deposited steadily in a savings account so that $14,000 is deposited each year. Determine the balance at the end of 6 years if the account pays 4.5% interest compounded...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Posting the entries from the sales journal to the accounts receivable subsidiary ledger should be done ______. a). at the end of each month b). on a weekly basis c). on a daily basis d). only at the...
-
You have been asked to conduct a national study of urban home selling prices to determine if there has been an increase in selling prices over time. There has been some concern that housing prices in...
-
An interest rate of 12% per year, c.c. (comp. continuously), is closest to an effective: 3% per quarter 3.04% per quarter O 6% per 6 month 4% per quarter
-
The specification for the thickness of a piece of steel is .5 inch ; .05. The standard deviation of the band saw is .015. Using Cp, calculate whether the process is capable or not. LO.1
-
On January 2, 2014, Wavepoint Systems installed a computerized machine in its factory at a cost of $169,200. The machines useful life was estimated at four years or a total of 181,500 units with a...
-
The central issue of efficient market concerns: O regulations O information O participants structure
-
Drilling of an oil well has a fixed cost of $10,000 and a marginal cost of C(x) = 1000 + 50x dollars per foot, where x is the depth in feet. Find the expression for C(x), the total cost of drilling x...
-
Plot the graph of the solution of the differential equation y = e -x2 , y(0) = 0. Observe that the graph approaches the value /2 .9 as x increases.
-
If you buy a house for $225,000, how much down payment will you have to make if the lender requires a down payment of (a) 10 percent, (b) 15 percent, (c) 20 percent, or (d) 25 percent?
-
who do you think sets the underlying ethical standards when the law is fuzzy on an issue? as business and societal issues develop in the future, how does your opinion in this area inform your...
-
how do i introduce low risk high reward for a new medical assistant supervisor role in an organization?
-
How do individual differences in cognitive styles, such as analytical versus intuitive thinking, impact problem-solving approaches and decision-making processes within teams ?
-
In Russian government, do you think that Russian Military Performance is good in warfare against Ukraine? Explain.
-
Why do you think the competing values framework is important to an organization's effectiveness? Describe the four profiles of the competing values framework. Identify one of the profiles and provide...
-
Find the upper 5% point of F 7,20 .
-
Read Case Study Google: Dont Be Evil Unless and answer the following: Given its mission of providing information to the world, should Google censor searches in China?
-
Long Manufacturing produces heat exchangers, primarily for the automotive industry. One such product, a transmission oil cooler, is used in the cooling of bus transmissions. It is composed of a...
-
Find the process capability index for Exercise 21.35. In exercise 21.35 Long Manufacturing produces heat exchangers, primarily for the automotive industry. One such product, a transmission oil...
-
Refer to Exercise 21.35. Nuts and bolts are used in the assembly of the transmission oil coolers. They are supposed to be tightened by a torque wrench to 7 foot-pounds with specification limits LSL =...
-
Read the following and then answer the questions below:September 12: A Brisbane business offers by letter to sell 500 tyres to a New Zealand company. The Brisbane company does not specify a method of...
-
Fred returns home from work one day to discover his house surrounded by police. His wife is being held hostage and threatened by her captor. Fred pleads with the police to rescue her and offers...
-
Would like you to revisit one of these. Consideration must be clear and measurable.if you can't measure it then how can you show it has / has not been done?How can you sue someone for breach of...
Study smarter with the SolutionInn App